Search Result for : Gas Pipeline

The Dollar Business Bureau  An undersea gas pipeline of around 1,300 km from Iran, circumventing Pakistani territory, can bring natural gas to India from the Persian Gulf at prices below the rates of available LNG (liquefied natural gas) in spot market, a former oil secretary said on Tuesday. The natural gas to be imported through the pipeline estimated at over $4 billion would cost $5-5.50 per million British thermal unit (mmBtu) to reach Indian coast, less than than the prices at which some of the local fields supply natural gas, said TNR Rao, former oil secretary, while releasing a study on Iran-India gas pipeline. LNG imported into India via ships costs around $7.50 per mmBtu. “The pipeline can first travel to Oman, and then ...

The Dollar Business Bureau The Minister of Petroleum and Natural gas Dharmendra Pradhan said that his Ministry has taken up with the Government of Bangladesh for laying a pipeline carrying natural gas from Chittagong to Tripura to address the cooking gas shortage of the North East. In his response to the media in which he revealed the intentions of the Indian government, he said, “We are laying a pipeline for transportation of diesel from Siliguri in West Bengal to Parvatipur in Bangladesh. There is pipeline for carrying diesel from Numaligarh oil refinery in Assam to Siliguri. In exchange, we have given the proposal for a gas pipeline from Chittagong to Tripura. We are pursuing the matter diplomatically and I would also visit ...

The Dollar Business Bureau A Joint review meeting on revival plans for closed fertilizer projects was held today, to realise PM Narendra Modi's vision of ‘Fertilizer Security for Food Security'.  The two-pronged strategy includes existing fertilizer capacity augmentation by increasing the efficiency of the plants and revival of closed fertilizer projects. "With the revival of the fertilizer projects, Gorakhpur, Barauni, Sindri and Talcher, an additional annual production capacity of 75 LMT would be created making India self-reliant in meeting the annual domestic demand of around 320 LMT, from being a net importer currently," Ananthkumar, Union Minister for Chemicals & Fertilizers and Parliamentary Affairs said, after the meeting. "Financial allocations and the ground level work would start in 2017 and the five plants would become fully functional by 2020-21," he added. Through optimum utilisation of existing capacity, India ...

The  Dollar Business Bureau As part of the Framework of Understanding (FoU) on Cooperation in the Hydrocarbon Sector with Bangladesh, India is going to build two pipelines for diesel and natural gas between the two countries. The FoU was approved by the Cabinet soon after the recent visit of Bangladeshi Prime Minister Sheikh Hasina. The said FoU is non-binding in nature and expires after five years. With an objective of strengthening energy ties with its neighbours to enhance regional energy security, India will build a 131 km pipeline for diesel transportation from Siliguri in West Bengal to Parbatipur in Bangladesh. Another pipeline for natural gas will be laid from Dattapulia in West Bengal to Khulna in Bangladesh. The 'Friendship pipeline' which will offer a logistical alternative to rail transportation of diesel, will be entirely financed by India. The ...

The Dollar Business Bureau India is in initial discussions with Russia to swap the natural gas with China and Myanmar as a substitute to creating world’s costliest pipeline, which is estimated to be around $25 billion. In October, the two countries had inked an initial agreement for building a 4,500-6,000 km long pipeline from Siberia to the third biggest energy consuming country of the world. Discussions are on with Russia’s Gazprom for an alternative swap, said Narendra K Verma, Managing Director, ONGC Videsh Ltd on the sidelines of Petrotech 2016 conference in New Delhi. Through an existing pipeline, Myanmar supplies gas to China. If Russia can give the same amount of gas to China, then it can reverse the gas flow from Myanmar to ...

The Dollar Business Bureau In a bid to take forward the Jagadishpur-Haldia-Bokaro-Dhamra gas pipeline (JHBDPL) project, GAIL (India) Limited has approved the placement orders for the laying work of 345-km section extending from Phulpur to Dobhi at an estimated cost of Rs.306 crore. The project, slated to begin by October-end and targeted to be completed by December 2018, will be simultaneously executed by JSIW Infrastructure Pvt Ltd and IL&FS Engineering & Construction Co Ltd under two different sections. The plan will be supported with a capital grant of 40 percent or Rs.5,176 crore, to be used over a period of five years. The amount has been duly approved by the Cabinet Committee on Economic Affairs (CCEA) as a first-time incident of the Centre releasing funds ...

Sai Nikesh | The Dollar Business The Government of India pitched for fast completion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline project, at a steering committee meeting in Islamabad on Wednesday. Speaking at the 20th steering committee meet of the project, Dharmendra Pradhan, Indian Minister of State (Independent Charge) for Petroleum, reiterated India’s commitment to source natural gas from Turkmenistan. The Minister stressed on expedition of the selection of mutually acceptable Consortium Leader in a time bound manner, which is very important step to complete the project. The Minister further said that the TAPI project would help India in achieving this goal of developing National Gas Grid, a gas infrastructure project that was intended to be built by the Government ...